The Indiana Pacers have made another move in their offseason overhaul by waiving center Kevin Seraphin.

Bobby Marks ESPN

The Pacers had a August 1 guarantee date for the $1.97M Kevin Seraphin contract. Indiana now has $7.6M in room after the waiver.

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Pacers unveil new uniforms

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Pacers players TJ Leaf, Lance Stephenson, Ike Anigbogu, Glenn Robinson III and Myles Turner debuted their new threads at the River West StreetFest on Friday in Indianapolis. The Nike uniforms are the first to feature the company's logo.

Which teams got the worst bang for their buck this summer? We look at five new contracts through advanced stats.

Ian Begley ESPN Staff Writer

Ex-Pacer Chris Copeland is playing with a Colorado alumni team in The Basketball Tournament this summer, which has a winner-take-all $2 million prize. Copeland and his Colorado team are the No. 1 seed in the Super 16 round in New York this season. They face a team of Indiana alumni, including Christian Watford and Will Sheehey, on Saturday with a spot in the regional final on the line.

Damien Wilkins, 37, is reportedly attempting an NBA comeback with the Indiana Pacers.

Bobby Marks ESPN

The $1.3M contract for Georges Niang would have been guaranteed on July 15. The Pacers will incur a $100K cap hit and see their room increase to $5.7M. Indiana now has 13 guaranteed contracts including 2nd round pick Ike Anigbogu who recently inked a $950K guaranteed contract for the 2017-18 season.